forecast for europe. the chinese president xi visits moscow, his first visit since russia s invasion of ukraine. in 20 years since the us led coalition invaded iraq to topple dictator saddam hussein. we look at the legacy. the un secretary general antonio guterres has hailed a major new report on climate change as a survival guide for humanity . climate scientists from intergovernmental panel on climate change said clean energy and technology can be exploited to avoid the growing climate disaster. but they also warned a key global temperature goal will probably be missed. they say the world is expected to warm above 1.5 degrees centigrade by the early 2030s. rescue dogs try to sniff out the bodies of the more than 250 people who are reckoned to have died after a tropical storm ripped through malawi this week. storm freddy is likely to be the longest lasting tropical cyclone on record, say meteorologists. today s report says climate change is likely to intensify tropical stor
that comes after the embattled endo revealed it suffered a huge file and deposits the first quarter. it became under pressure after other banks collapsed last month. we have more from new york. normally when a companies earnings for a quarter are released executives hold a call with analysts where they take questions but that was not the case for first republic bank. executive spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things had become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that s way more than half of the $176 billion it had on hand at the end of last year. after at the end of last year. after a silicon valley bank and signature bank were taken over by federal regulators while the street worried that first republic could be the next bank to go down. since it has similar clients to silicon valley bank. people in the start up space. 0n valley bank. people in the start u
shares of mufg, mizuho and smfg were all down around 8% in trading. the nikkei exchange was down over 2% overall. here in europe, we ve seen credit suisse drop another 5% in early trading. on monday, major us banks lost around $90 billion in stock market value, bringing their loss since svb s collapse to nearly $190 billion. many are now speculating the federal reserve will pause its plans to keep raising interest rates, designed to tame inflation. we re nowjoined by greg swenson, who is an international investment banker and founding partner at brigg macadam. good to have you with us. let s pick up good to have you with us. let s pick up on that thought about rate because that progressive increase increase in interest rates has been one of the things cost for the collapse in svb. will the federal reserve be looking at this closely? i think the key word is maybe. goldman sachs came out yesterday suggesting that they would pause and not raise rates at the next meeting, but tha
evidence at court, that many of the statements denied that they were ever traffic for ready trial. none of them had ever been trafficked. during the investigation mr ramzan was arrested. he had never really met the defendant, had nothing to do with trafficking, had never been alone in a room with errors let alone in a room with errors let alone had sex with her. he described in court is utter consternation at being publicly arrested on the promenades and questioned by the police. i will set out more of the impact of this offending upon him and his family later in his remarks. the defendant set about seeking to back up allegations against mr ramzan and the fictitious traffickers. she did so in a number of ways. i will summarise here only some of them. she manipulated people with whom she was in contact via snapchat to contact her. she would rename these people in her phone with the names of supposed traffickers. she would induce sexual messages from them and take screenshots o